ACAMS CTMA Certified Transaction Monitoring Associate Online Training
ACAMS CTMA Online Training
The questions for CTMA were last updated at Feb 24,2025.
- Exam Code: CTMA
- Exam Name: Certified Transaction Monitoring Associate
- Certification Provider: ACAMS
- Latest update: Feb 24,2025
When one bank acts for other bank in another by providing banking services in another jurisdiction, this is known as?
- A . Private Banking
- B . Trade Finance
- C . Correspondent Banking
- D . Virtual Currency
The percentage and types of alerts that become cases will vary based on institution type, client base, jurisdiction, etc? (TRUE OR FALSE)
- A . True
- B . False
What are the main differences with Virtual Currency compared with a Central Bank backed Currency? (SELECT 2)
- A . Virtual Currency uses peer-to-peer technology to facilitate payments
- B . Virtual Currency can be used for financial crime, whilst Central Bank backed currency cannot.
- C . Virtual Currency is not backed by a Central Government.
- D . Virtual Currency is regulated, whilst banking is not.
The appropriate controls that should be put in place to mitigate and reduce them with the risk based approach include? (SELECT 3)
- A . Accurate
- B . Appropriate
- C . Risk based
- D . Assertive
- E . Specific
What is the big difference what transaction monitoring does and what name screening does?
- A . Name Screening is an ongoing process
- B . Transaction monitoring is used to predict customer transactions
- C . Transaction Monitoring is performed after onboarding
- D . Name screening is performed after onboarding.
The Four research steps in the Assess, Explore, Organize and ___________?
- A . Report
- B . Prepare
- C . Present
- D . Respond
In Transaction Monitoring what are some reasons below that shows that over time the number of True Alerts will improve for a Transaction Monitoring system? (SELECT 2)
- A . Transaction Monitoring software companies update their software
- B . Revising Rules
- C . Evaluating Alert Productivity
- D . Improved training for AML Analysts
Which of the below are non government organizational sources that can be used for internet search in online investigations.
- A . The Wolfsberg Group
- B . HSBC
- C . Financial Action Task Force
- D . Oppenheimer Group
- E . Egmont Group
Are informal value transfer systems a licensed Money Service Business or MSB?
- A . Yes
- B . No
- C . Depends on the Jurisdiction
Select 3 reasons below that are reasons for why Charities/Non-Profit/NGOS are vulnerable to Terrorist Financing? (SELECT 3)
- A . Heavily regulated
- B . Local presence
- C . Receiving considerable funds from unknown sources
- D . Exposed to areas that are terrorist friendly
- E . Cash-Intensive
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